Caleres, Inc. (CAL)

Caleres Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for Caleres stock have an average target of 40, with a low estimate of 35 and a high estimate of 45. The average target predicts an increase of 17.58% from the current stock price of 34.02.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$35	$40	$45	$45
Change	+2.88%	+17.58%	+32.28%	+32.28%

* Price targets were last updated on Mar 20, 2024.

Analyst Ratings

The average analyst rating for Caleres stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	0	1	1	1	1	1
Buy	0	0	0	0	0	0
Hold	1	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	1	2	2	2	2	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Laura Champine Loop Capital	Loop Capital	Strong Buy Maintains $40 → $45	Strong Buy	Maintains	$40 → $45	+32.28%	Mar 20, 2024
Abbie Zvejnieks Piper Sandler	Piper Sandler	Hold Maintains $30 → $35	Hold	Maintains	$30 → $35	+2.88%	Mar 20, 2024
Abbie Zvejnieks Piper Sandler	Piper Sandler	Hold Maintains $27 → $30	Hold	Maintains	$27 → $30	-11.82%	Nov 22, 2023
Abbie Zvejnieks Piper Sandler	Piper Sandler	Buy → Hold Downgrades $35 → $25	Buy → Hold	Downgrades	$35 → $25	-26.51%	May 25, 2023
Abbie Zvejnieks Piper Sandler	Piper Sandler	Hold → Buy Upgrades $26 → $35	Hold → Buy	Upgrades	$26 → $35	+2.88%	Feb 21, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

2.88B

Increased by 2.05%

from 2.82B

Revenue Next Year

2.99B

Increased by 3.93%

from 2.88B

EPS This Year

4.46

Decreased by -7.05%

from 4.80

EPS Next Year

5.12

Increased by 14.83%

from 4.46

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	2.92B	2.12B	2.78B	2.97B	2.82B	2.88B	2.99B	3.12B	3.36B	3.54B
Revenue Growth	3.06%	-27.54%	31.20%	6.86%	-5.08%	2.05%	3.93%	4.52%	7.49%	5.45%
EPS	1.53	-11.80	3.56	4.92	4.80	4.46	5.12	5.84	6.64	6.98
EPS Growth	-	-	-	38.20%	-2.44%	-7.05%	14.83%	14.01%	13.60%	5.18%
Forward PE	-	-	-	-	-	7.62	6.64	5.82	5.13	4.87
No. Analysts	-	-	-	-	-	5	5	4	2	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	3.0B	3.1B	3.3B	3.5B	3.7B
Avg	2.9B	3.0B	3.1B	3.4B	3.5B
Low	2.8B	2.9B	3.0B	3.3B	3.4B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	7.0%	9.3%	10.8%	11.8%	9.6%
Avg	2.0%	3.9%	4.5%	7.5%	5.5%
Low	-1.6%	0.2%	-0.3%	4.3%	2.3%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.73	5.64	6.53	6.90	7.26
Avg	4.46	5.12	5.84	6.64	6.98
Low	4.21	4.77	5.24	6.44	6.77

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-1.6%	26.4%	27.5%	18.1%	9.3%
Avg	-7.0%	14.8%	14.0%	13.6%	5.2%
Low	-12.2%	7.0%	2.3%	10.2%	2.1%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.